My husband and I are acquiring a newly constructed duplex in Canonbury and my lawyer is telling me that she has to the mortgage company to reveal incentives from the seller. I am on a tight deadline to sign contracts and I would rather not prolong the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Various online forums that I have visited warn that are a common cause of stalling in Canonbury house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays during the legal transfer of property. Searches are unlikely to feature in any holding up conveyancing in Canonbury.
What tools are available to locate a Canonbury law firm on the Aldermore conveyancing panel? I have wheels and am willing to travel upto 20miles to meet the solicitor.
You can use the facility on this website. Please choose the bank and your location and you will see a number of Canonbury conveyancing lawyers based on proximity. We have detailed some Canonbury conveyancing firms towards the end of this page and you can contact them to verify if they are on the Aldermore panel
I am one month into a residential purchase having been directed to solicitors by the estate agent to do our conveyancing in Canonbury. I am am starting to be disappointed with the quality of service. Can you you assist me in finding new lawyers?
A solicitor would have to be very bad to suggest changing them. Has your mortgage been sent? In the event that it has you must advise them of the new contact details and get the offer are re-issued. Your solicitor ideally should be on the banks panel to avoid escalating expenses and complications. So that should be your first question of the new lawyers. The find a solicitor tool will help you find a bank approved conveyancer for your conveyancing in Canonbury
Back In 2008, I bought a leasehold house in Canonbury. Conveyancing and Skipton Building Society mortgage are in place. I have received a letter from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1994. The conveyancing practitioner in Canonbury who acted for me is not around. What should I do?
The first thing you should do is contact the Land Registry to be sure that this person is indeed the new freeholder. It is not necessary to instruct a Canonbury conveyancing solicitor to do this as you can do this on the Land Registry website for less than a fiver. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a Canonbury conveyancing firm to help?
You certainly can. We can put you in touch with a Canonbury conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Canonbury property is 5C Stoke Newington Road in April 2010. the Tribunal therefore concludes that the premium to be paid for the extended lease is £700.00 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 80.5 years.
My husband and I are acquiring a ground floor flat in Canonbury. At the point of instructing our lawyer, they assured us that they were on all mainstream bank panels. Our financial adviser emailed just now to say that they don't appear to be on the TSB approved list. Were it to be true, what should we do? Do we just find a different solicitor that is on their approved list or do we pay for dual representation, with TSB selecting their own approved solicitor.
If you are acquiring a property with the assistance of a mortgage it is conventional for the buyer’s solicitors to also act for the purchaser's lender. In order to act for a bank or building society a lawyer has to be on that lender's list of approved lawyers. An application has to be made by the property lawyer to the lender to become a member of the lender's panel and there are increasingly strict criteria which the solicitor has to fulfill. Some lenders now insist their panel firms to be part of the Law Society’s Conveyancing Quality Scheme. Your lawyer should call TSB to find out if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on TSB's conveyancing panel as you are at liberty to use your preferred Canonbury lawyers, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the equation.